• Governors uncomfortable with investigations into spending of bail-out funds – ICPC boss

    Governors uncomfortable with investigations into spending of bail-out funds – ICPC boss

    Chairman, Independent Corrupt Practices and Other Related Offence Commission (ICPC), Mr. Ekpo Nta, said most state governors were jittery when the commission commenced investigations into the spending of bailout funds.

    Nta stated this in Bauchi on Monday in his speech at the opening of Bauchi State Anti-Corruption Summit, titled “Transparency and Accountability: A Panacea to Good Governance and Sustainable Development.

    He said that when the commission commenced investigations into coffers of state government accounts most of the governors were uncomfortable.

    “Most of the […]

  • Ex-Kaduna governor denies spending N2.1bn on sweet, juice in 2014

    Ex-Kaduna governor denies spending N2.1bn on sweet, juice in 2014

    Immediate past governor of Kaduna State, Alh. Muhktar Ramalan Yero, on Wednesday denied spending N2.1 billion on sweet and juice in 2014.

    The Kaduna State Commissioner for Budget and Planning, Mohammad Abdullahi, on Saturday, alleged that the previous administration led by Yero in the state spent N2.1 billion on sweets, juice and food, annually.

    Yero’s Commissioner of economic planning, Mr. Madami Garba Madami, described the assertion as “unprofessional and mischievous comment”.

    The former commissioner, in a statement in Kaduna said “our initial intention […]

  • Era of wasteful spending over – Buhari tells varsities

    Era of wasteful spending over – Buhari tells varsities

    President Muhammadu Buhari on Saturday reiterated that the era of wasteful spending was over and advised Nigerian universities to plough available resources into teaching, research and productive activities.

    The president, represented by Prof. Chiedu Mafiana, Executive Director at the National University Commission, spoke in Ilorin at the 32nd convocation of the University of Ilorin.

    According to him, it is the expectation of government that in the near future, universities should be self-reliant and provide substantial portion of their needed funds.

    Buhari also said […]

  • Jonathan’s reckless spending caused recession, says  Obasanjo

    Jonathan’s reckless spending caused recession, says Obasanjo

    Former President Olusegun Obasanjo on Saturday accused the immediate past President, Dr. Goodluck Jonathan, of ignoring warnings about a looming recession and the consequences of the “reckless” spending of his government.

    Obasanjo said in Abeokuta, the Ogun State capital, that two years ago when he saw signs that Nigeria was walking down the path of recession and the way the powers that be were expending the nation’s resources, he drew Jonathan’s attention to the danger ahead, but was ignored.

    The former president […]

  • Weakening Naira forces Nigerian pilgrims to cut down on spending

    Weakening Naira forces Nigerian pilgrims to cut down on spending

    Many Nigerian pilgrims currently in Saudi Arabia for this year’s pilgrimage say they have cut down on their spending following the fall in the value of the Naira.

    The News Agency of Nigeria, NAN, reports that a number of the pilgrims interviewed in Medinah said they have restricted their spending to only the basics.

    They said they now spend only on feeding and commuting within the city.

    Some said they had prepared for this situation by bringing along items such as toothpaste, soap […]

  • APC accuses Fayose of spending state’s money on private court matters

    APC accuses Fayose of spending state’s money on private court matters

    According to reports, the All Progressives Congress (APC) in Ekiti State has accused Governor Ayodele Fayose of allegedly spending the state’s money to prosecute his legal battle with the Economic and Financial Crimes Commission, EFCC.

    Publicity Secretary, Taiwo Olatunbosun, said in a statement in Ado-Ekiti that the party was in possession of fact that the N22m spent to charter airplane that conveyed his lawyer, Mike Ozekhome from Lagos to Akure airport was allegedly taken from the state’s treasury.

    EFCC had frozen the […]